Friday, November 10, 2006

Canada - Hitting the Sweet Spot

A recent Goldman Sachs study reported that Canada topped the rankings for economic growth potential of all G7 nations, surpassing both the US and Germany, and now holds 6th spot of the 170 countries tracked.

The past few years have seen a string of successes for Canada, the roots of which were formed when, in the middle 1990s, the federal government made positive strides to eliminate a seemingly perpetual bugetary deficit. Since then, the federal government has recorded its ninth consecutive budget surplus, as controlled costs and booming commodity prices have led to an enviable situation.

After a tough 1990s, it's nice to be on the right economic track. Now, if we can only do something about our productivity woes, a problem that threatens to plague a future generation.


The Confused Capitalist

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